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payment deferral

Millions Postponed Auto Loan Payments During Pandemic, But Most Loans are Current Today

TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.

CFPB Accuses 'One or More' Finance Sources of Deceptive GAP Ads, Payment Deferral Offers

In its recent Supervisory Highlights report, the CFPB accused ‘one or more’ auto finance sources of being deceptive in their advertisements of GAP and in the way they disclose payment deferral terms.